March 28, 2017

From Bloomberg: China Petroleum & Chemical Corp. said it was invited to invest in Saudi Arabian Oil Co. as part of what could be the world’s biggest-ever initial public offering. Talks are ongoing between the companies known as Sinopec and Saudi Aramco, Wang Yupu, chairman of the Chinese refiner, said on Monday. During a visit to China this month, Aramco’s

From S&P Global Platts: Oman is expected to cut its crude oil exports to Asia by as much as 15% from June onward to meet rising domestic demand, but the move is likely to have limited impact given slowing imports from China’s independent refiners. “The Ministry of Oil and Gas has informed its customers on contract in Asia that it

From Bloomberg: The bears are firmly in control of Europe’s oldest natural gas market heading into the final week of the winter season. The front-month contract is set for a seventh weekly decline, the longest such streak since February 2007, as mild weather is seen damping demand. Above-average supply from Norway, the U.K.’s biggest foreign supplier, is being supplemented with

From Bloomberg: President Donald Trump is set to sign a sweeping executive order on Tuesday aimed at promoting domestic oil, coal and natural gas by reversing much of his predecessor’s efforts to address climate change — prompting warnings the action will undermine U.S. leadership on the issue. The document lays out a broad blueprint for the Trump administration to dismantle the